Cryptocurrencies Bitcoin Cash and Ethereum are showing significant growth, attracting the attention of investors and analysts. At the same time, BlockDAG's app continues to strengthen its market positions.
Growing Interest in Bitcoin Cash
Bitcoin Cash (BCH) has regained focus, rising by 5.25% to reach $583.64. Over the past month, the cryptocurrency has shown an overall growth of more than 17%. Analysts are watching the price range of $620-$680 as the next target for BCH. Analyst CW noted a key sell-wall breach, while others highlight the potential for further growth if confirmed closures above these levels occur.
Ethereum Targets $4,100
Ethereum (ETH) is trading at $3,933.77, witnessing a rise in institutional interest. CME futures open interest has reached $7.85 billion, indicating aggressive long positions. A move above $4,062 could trigger short liquidations totaling $1.31 billion. However, a drop below $3,687 could threaten $2.9 billion in long positions.
Success of BlockDAG's X1 Miner App
BlockDAG's X1 Miner app has surpassed 2.5 million users. They actively mine BDAG using smartphones without the need for complex hardware. The app is creating a new ecosystem allowing everyday users to participate in mining. Recent demonstrations showcased how the app functions in real-time, providing users with instant rewards.
Bitcoin Cash and Ethereum continue to draw attention and show signs of growth, while BlockDAG with its successful X1 Miner app demonstrates real results in mobile mining.
